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Issues of innovation infrastructure and innovative entrepreneurship discussed in Minsk

Issues of innovation infrastructure and innovative entrepreneurship discussed in Minsk

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Issues of innovation infrastructure and innovative entrepreneurship discussed in Minsk

The State Committee on Science and Technology of the Republic of Belarus will continue working on the development and improvement of the innovation infrastructure and the innovative entrepreneurship. This was announced by Alexander Shumilin, Chairman of the SCST, at the opening of the conference-workshop on the issue of the practical application of the provisions of the Decree no. 105 of the Head of the State. According to him, the system of the State stimulation of the support of the innovation infrastructure includes tax concessions, lease benefits and the financing of the development  of the material-technical basis of the entities at the expense budgetary means.  ‘The State Committee on Science and Technology works on the improvement of this system. Thus, the approaches proposed by the SCST were approved at the 2nd Congress of Scientists of the Republic of Belarus and were mentioned in the Decree no. 105 of the President of the Republic of Belarus adopted on March 12, 2018,’ Alexander Shumilin said.

It stands to mention the following measures provided by the Decree among the basic ones: 

The formation of special funds of innovation developments by technology parks. The means of the innovation development funds can be allocated to the organization of the activities  and the development of the material-technical base of technology parks, as well as the financing of the innovation projects implemented by the residents of technology parks. The filling of these funds is implemented at the expense of the allocation of a part of earnings or gross income equivalent to 50% of the sum of the tax at the simplified taxation system of the income tax by technology parks and their residents.  At the same time, the order of the use of the means of the innovation development fund will be determined by the technology park itself depending on its specificity with the concurrence of the state governing body, the technology park is subject to, and the SCST.  

The provision of an opportunity to hold a flexible lease policy for technology parks. The Decree no. 105 provides for a opportunity to hold a flexible lease policy related to the residents of these parks by means of the application of a reducing factor from 0.1 to 0.9 to the rent payment for real estate taking into account the level of the technological structure of the production and the period of its activities. This will enable to create favorable conditions for the organization of a business-incubation of innovation enterprises at the initial stage of their development, and it will enable for technology parks.to continue being rentable and competitive on the real estate market. 

Exemption of technology parks and their residents from VAT and import duties during the import of technology facilities and components for the implementation of innovation projects within the SPID. The implementation of innovation projects by technology parks and their residents can be related to considerable investment expenditures for purchasing technological facilities and materials, therefore, with big expenditures for payment of import duties and VAT increasing the volume of necessary investments up to 30%. At the same time, technology parks and their residents, especially at the initial stage of their activities don’t have a sufficient volume of means for these payments, as a rule. Innovation projects  are implemented in many cases with the attraction of the state support (means of innovation funds).

The implementation of these and other provisions of the Decree will favor the development of the country by means of the development of technology parks as full-grown regional development centers and sites for the organization of innovation and hi-tech productions. It will also enable to provide the creation of 1,500 new highly remunerative jobs (according to preliminary calculations). It also stands to mention that the number of innovation infrastructure entities increased from 13 to 24 organizations from 2015. Only in 2017 4 new technology parks and 2 technology transfer centers were created. At present, there is a work on the creation of technology parks in Borisov, Bobruisk and Orsha.